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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: GraceZ who wrote (59335)4/24/2006 1:31:11 PM
From: shades  Read Replies (1) | Respond to of 110194
 
It's market action which discovers stops, a preponderance of limit orders or stops in either direction act like a magnet.

You and I don't get to see what the market makers/specialists see eh - do you know how one becomes a specialist/market maker? Philster says it is a family type business - like the mafia.

Its like the current comptroller of the currency - a friend to fannie, freddie - put in oversight of their competitors - the private market - thats like putting the fox in charge of the henhouse eh?